Banks are “Convenient” and “Trustworthy”. People who trust banks with their monthly savings while enjoying other bank services would want to create ease in purchasing god bars through banks. But the question is if banks help to buy gold bars? Can they do that? Let’s discuss this to better clear some misconceptions.
CAN WE BUY GOLD BARS FROM BANKS?
After long research, we have found that you cannot buy gold bars from the bank (directly) but banks do assist you in buying gold b bars in the shape of paperwork such as bonds (related to gold) or ETF’S ETC.
WHICH BANK SELLES GOLD BARS?
Every country has its own practice when one wants to buy gold bars from a bank. In some countries, it is actually illegal to buy gold bullions openly but we do find some places, where there are proper bank accounts to keep in custody your physical gold bullions (God bars, gold coins etc.) such as, in Switzerland under SWISS ACCOUNT. As well as Pakistan is concerned no such practice of directly buying gold bars has been observed yet. We don’t know if the future can bring the rays of positivity and gold bar purchases to become easy directly through banks.
RECOMMENDATIONS WHILE BUYING GOLD BARS FROM BANKS;
Whether you live in a country where you can directly buy gold bars from the bank or you go for attaining the service of bank’s ETF’s, Be very clear with the terms. Bank charges for their services. People can totally trust banks but a gold bar lover should know which kind of gold bar is wanted? / Brand of the gold bar, the weight of god bars and the purity of the gold bar should be considered by the buyer. Gold bars are generally pure gold, which means they are 99.9% purified and have no slightest inclusion of hard metals.